In this Prophix review, you'll find out if the software meets your business's needs, and how it compares to other CPM solutions. Before making a purchase decision, we'll look at the price and other important factors. We'll also look at Prophix's strengths and weaknesses.
Review of Prophix
This Prophix review looks at the benefits and drawbacks of the cloud-based software. Prophix is especially useful for employees who work from multiple locations or for companies that have many offices. It allows employees to collaborate more effectively, reduce data errors, create outstanding reports, and help them work together more efficiently. Prophix is not free and is quite expensive. Prophix is not compatible for modern devices, such as tablets or smartphones.
As a cloud-based planning and budgeting solution, Prophix offers a wide range of functionality that can help companies transform their processes and cut costs. Its robust workflows and analytics capabilities enable you to automate repetitive processes while also saving time. It helps to detect anomalies, risks, and other irregularities.
Comparison with other CPM Solutions
CPM solution providers must compare their prices. CPM software prices can vary depending on market, features, and users. CPM software for enterprise can cost as much as $25k, depending on how many users are included and the features. However, before making a purchase decision companies should ask themselves which CPM functions they are most critical to them.
CPM software can help companies measure their performance. First, companies need to define their goals and establish a budget. Once this is done, the various departments can generate key performance indicators that will monitor group performance. The departments then need to develop plans to reach those goals. Once the plans have been approved, they will be checked against budgets and forecasts to make sure they are on-track. If there are any errors or omissions, these are taken into consideration and used to help determine what should change.
There are strengths and there are weaknesses
Prophix helps companies understand their cash flows and financial performance. Prophix also has features that can help businesses manage their business more efficiently. G2 Crowd says Prophix is loved for its flexibility and broad use. Some users reported that the program was difficult to use in larger organizations. Prophix recommends users invest in education and deeper understanding to overcome these problems.
Prophix's strong focus on creating value for customers is one of its greatest strengths. Prophix boasts a remarkable Net Promoter Score of just 78. This score measures customer satisfaction, and how likely customers are to recommend the company. Anything above 70 is considered exceptional.